Credit Scores What is Accurate

[kyenku]

Hi All,

Here are my Credit Scores from different plat forms which one is accurate 

1. Amex - 725

2.BofA - 722

3.Citi- 789

4.DCU-751

5. Discover-722

Credit Karma 

TransUnion 751 Equifax 770

So Which one should I trust. Looking for a Mortgage loan. 

Credit Report - 4 Late payments DCU 2015 March was the latest 

Revolving Credit Balance approximately 8K 

Total Credit Limit - 72K 

Have 2 credit cards closed - DCU and Chase but I still have balances about 5k On them combied 

Personal Loan balance reamining 5000

Auto loan balance reamining 6000 

Avg Credit Age 8 years 

Planning to get mortgage but I was told my credit score should be 740+, so just worried

[Anonymous]

1. Ignore Credit Karma altogether, they are VantageScore 3.0, which are barely used by lenders.

2. Amex provides FICO 8 based on Experian data.

3. Discover provides FICO 8 based on Experian for none card holder (subscribers to creditscorecard.com) and FICO 8 based on TransUnion for current card holders.

4. Citi provides FICO bankcard 8 based on Equifax.

5. I don't know about BoA or DCU.

Typically you can trust FICO 8 scores, this is the score that most refers to when they say "FICO Score". However since your goal is mortgage, I suggest investing in MyFICO 3B subscription to get your FICO mortgage scores.

[Anonymous]

They are all accurate, just some are more worthwhile than others as OM replied above.

If you're interested in a mortgage, finding out your FICO mortgage scores is what you're going to want to do.  Unfortunately very few lenders (none of yours) provide a monthly mortgage score.

[kyenku]

Thank you so much.

If Citi and Amex are reporting Fico Score why is there 60 point difference?

I will try to get Fico score subscription from FICO.

Thanks again

[Anonymous]

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@Anonymous wrote:

They are all accurate, just some are more worthwhile than others as OM replied above.

If you're interested in a mortgage, finding out your FICO mortgage scores is what you're going to want to do.  Unfortunately very few lenders (none of yours) provide a monthly mortgage score.

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DCU provides Equifax Fico Score 5 (commonly used mortgage version) on the last friday of each month. 

This is assuming DCU in the original post refers to Digital Federal Credit Union. 

[Anonymous]

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@kyenku wrote:

Thank you so much.

If Citi and Amex are reporting Fico Score why is there 60 point difference?

I will try to get Fico score subscription from FICO.

Thanks again

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Other than the fact that they use different CRAs (Experian/Amex Equifax/Citi), FICO 8 and FICO Bankcard 8 are 2 different versions of FICO, the maximum score for bankcard 8 is 900 (FICO 8 - 850), reason why your Citi score is higher.

[SouthJamaica]

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@kyenku wrote:

Hi All,

Here are my Credit Scores from different plat forms which one is accurate 

1. Amex - 725

2.BofA - 722

3.Citi- 789

4.DCU-751

5. Discover-722

Credit Karma 

TransUnion 751 Equifax 770

So Which one should I trust. Looking for a Mortgage loan. 

Credit Report - 4 Late payments DCU 2015 March was the latest 

Revolving Credit Balance approximately 8K 

Total Credit Limit - 72K 

Have 2 credit cards closed - DCU and Chase but I still have balances about 5k On them combied 

Personal Loan balance reamining 5000

Auto loan balance reamining 6000 

Avg Credit Age 8 years 

Planning to get mortgage but I was told my credit score should be 740+, so just worried

---

The only one that's a FICO mortgage score is DCU.

[Anonymous]

Good catch on the DCU guys.  OP, the score you are getting from DCU is definitely the most meaningful to you, so I'd focus on that one and worry about the others a lot less.  The good news for you is that it appears to be running about 25-30 points higher than your FICO 08's.

[Anonymous]

I also find that there is a huge lag with my scores I get from my credit cards. They often don't agree because they are reporting from different dates.